bailey707

GBP/JPY Bullish Next Week

Long
FX_IDC:GBPJPY   Livre sterling / Yen japonais
From my analysis as of next week near or on the 1st of November it is predicted to be bullish for the whole month. It's predicted for the whole month as previously this is how long the daily chart trend has lasted for. The reasoning for the bullish trend to begin next week is due the pound against the yen always going against its previous trend on that it had in that month. The RSI on the daily chart also is near the 30 mark line therefore leading the GBP/JPY in my opinion to be bullish this upcoming November month.
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